JANET YELLEN

Now that the IRS is set to receive nearly $80 billion through the “Inflation Reduction Act,” the agency has the means to develop new systems.

The flagship climate change and health care bill passed by Democrats and soon to be signed by President Joe Biden will bring U.S. taxpayers one step closer to a government-operated electronic free-file tax return system.

After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress.

A new round of U.S. sanctions targeting Russian elites includes a woman named in news reports as Vladimir Putin’s longtime romantic partner.

The Treasury Department is seeking to borrow $444 billion in the current quarter through September as the Federal Reserve tightens its portfolio.

An editing battle over its "recession" entry prompted Wikipedia to put a temporarily lock on revisions. The entry was changed to a definition of recession that aligned with President Biden's stance.

The Las Vegas Valley saw widespread flooding after severe thunderstorms, leaving multiple casinos on the Las Vegas Strip with water damage.

The Treasury secretary has had to navigate White House infighting while battling the sharpest rise in prices in 40 years.

President Joe Biden and his administration are going all out to play down a sobering new economic report.

Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth.

Treasury Secretary Janet Yellen speaks at a news conference on Thursday afternoon, following the release of second-quarter GDP data.

GDP, or gross domestic product, tells us how much the economy grew in the previous quarter. There's fears that the economy contracted for a second quarter in a row.

The rate is one of several key pieces of economic data expected to be released this week.

The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.

President Joe Biden wants to convince a skeptical public that the U.S. is not, in fact, heading into a recession.

Weak profit reports from some of the biggest names in corporate America are souring the mood of investors.

Asian stock markets have followed Wall Street lower as traders prepared for a possible sharp interest rate hike from the Federal Reserve to cool inflation.

Reports will be released this week that will shed light on an economy currently besieged by rampant inflation and threatened by higher interest rates.

"We've got a very strong labor market," Treasury Secretary Janet Yellen said. "This is not an economy that's in recession."

"We've got a very strong labor market," Treasury Secretary Janet Yellen said. "This is not an economy that's in recession."

Asian stock markets are higher as investors brace for another sharp interest rate hike by the Federal Reserve to cool inflation.

Treasury Secretary Janet Yellen says the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession.

Political challenges at home are making it tough for President Joe Biden to fulfill his promises to the rest of the world.

Democrats are pushing the IRS to create its own free tax filing system, including a return-free option. But some tax professionals are skeptical.

Treasury Secretary Janet Yellen spoke to Morning Edition about global efforts to choke off much of Russia's profit from oil sales and the odds of a recession in the U.S.

NPR's Steve Inskeep talks to Yellen about inflation, efforts to choke off much of the Russia profit from oil sales and her push for a global minimum corporate tax so firms can't shop for lower rates.

The term draws on the concepts of "onshoring" and "nearshoring," which refer to the transferring of supply chains back home or closer to home.

Treasury Secretary Janet Yellen says the U.S. and South Korea should deepen their trade ties to avoid letting other countries use their market positions to unfair advantage.

Financial leaders of the Group of 20 richest and biggest economies agreed on the need to jointly tackle global ills such as inflation and food crises, but failed to bridge differences over the war in Ukraine.

Demand is outpacing supply, which has been disrupted, and a price ceiling will not resolve that, Indonesian Finance Minister Sri Mulyani Indrawati said.

Speaking to CNBC's "Squawk Box Asia" on Friday, OECD's secretary-general said that Russia's war on Ukraine has imposed "a heavy burden on the world."

Top financial officials from the Group of 20 leading rich and developing nations are meeting on the Indonesian island of Bali seeking strategies to counter the repercussions from the war in Ukraine, inflation and other global crises.

"The last time we saw what we call 'wolverine inflation' ... was when 75 million baby boomers replaced 44 million silent generation people in the 1970s," Smead said.

As the cost of living soars, one lawmaker is urging the U.S. Department of the Treasury to remove the barriers to buying Series I bonds.

U.S. Treasury Secretary Janet Yellen has urged leaders of major economies to work together in countering the impact from Russia's invasion of Ukraine.

BALI, Indonesia — U.S. Treasury Secretary Janet Yellen has warned that inflation in the U.S. is "unacceptably high" and said bringing down rising prices will be Washington's "top priority." Data released on Wednesday showed U.S. consumer inflation rose to 9.1%, the highest level since 1981. "We're first and foremost supportive of the Fed's efforts; what they deem to be necessary to get inflation under control," she said at a press conference in Bali ahead of the Group of 20 finance ministers' meeting. "Beyond that, we are taking our own steps which we believe will be supportive in the short term to get inflation down — particularly what we're doing on energy prices and the Strategic Petroleum Reserve." "And also the work that we're doing to institute the price cap on Russian oil and to avoid potential future spikes in oil prices."

A cap on Russian oil prices will be crucial to help bring down inflation as U.S. consumer inflation soared to a 40-year high, Treasury Secretary Janet Yellen said.

Senate Democrat lawmakers say that the impact of the U.S. Supreme Court decision to overturn Roe v. Wade is "barbaric" and puts women at risk of not getting the health care they need. (July 13)

Ukraine is getting an additional $1.7 billion in assistance from the U.S. government and the World Bank.

U.S. Treasury Secretary Janet Yellen and Japan's finance minister have agreed to cooperate in dealing with challenges from the war in Ukraine and promoting free trade, sustainable energy and food security.

The plunge in prices for Bitcoin and other cryptocurrencies provides a cautionary tale for the handful of public pension funds that have dipped their toes into the crypto pool.

Treasury Secretary Janet Yellen will travel to Asia this month, her first trip to the Indo-Pacific since becoming head of the agency.

Asian shares are mostly lower after tepid trading on Wall Street amid worries about a global recession.

Foreign ministers from the world’s largest nations are looking to address Russia's war in Ukraine and its impact on global energy and food security when they meet in Indonesia this week.

Market turmoil continues with experts warning that fear of a recession could be a self-fulfilling prophecy.

A resurgence in COVID-19 infections is also looming, bringing the threat of a reversion to pandemic precautions.

The Chinese government says its envoy to trade war talks with Washington has expressed concern about U.S. tariffs on Chinese imports during a phone call with Treasury Secretary Janet Yellen.

Asian shares have advanced across the board as buying sets in after the lull of a U.S. national holiday.

China's Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a virtual call about macroeconomic issues, according to statements from both sides.

The G-7's pursuit of a price ceiling on Russian oil is not without its challenges, with energy analysts highly skeptical about the integrity of the proposal.

The Treasury Department has blocked a $1 billion Delaware-based trust connected to sanctioned Russian oligarch Suleiman Abusaidovich Kerimov.

The nation’s first Native American U.S. treasurer comes from a line of chiefs who instilled the importance of keeping her tribe healthy and “leaving footprints” to follow for those who come behind.

A multinational task force designed to seize Russian oligarchs' wealth has blocked and frozen $30 billion in sanctioned individuals’ property and funds in its first 100 days.

The Treasury Department on Tuesday announced that the U.S. and a handful of key economic allies will prohibit imports of Russian gold.

The Supreme Court’s decision to overturn national protections for abortion has set off a contest between Democratic and Republican lawmakers over whose policies would do more to help vulnerable mothers and children.

Russia has defaulted on foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system amid its war in Ukraine.

Putin has already shown that the country’s economy is of secondary importance to his imperialist ambitions.

President Joe Biden and Western allies at a three-day summit in the Bavarian Alps say they're intent on keeping economic fallout from the war in Ukraine from fracturing the global coalition working to punish Russia’s aggression.

Since the US and its allies decided to stop buying Russia’s oil, there’s been little sign that the measure is inflicting the kind of pain that might force President Vladimir Putin to rethink his war in Ukraine. Plenty of other countries are still buying Russian crude, and a surge in prices has softened the blow from the sanctions by bringing Moscow enough revenue to stave off economic collapse. So the US is pushing a new idea: make Russia sell its oil so cheaply that it can no longer afford to w

Over the past few years, the world has experienced an escalating series of trade disruptions -- the US-China trade war, the Covid-19 pandemic and the supply-chain disruptions it caused, Russia’s invasion of Ukraine and the dueling sanctions and export controls that followed. Their cumulative impact has called into question the vision of a globalized economy. In response, some US officials are pushing “friend-shoring” -- a happy-sounding label for a world divided between free-market democracies a

Over the past few years, the world has experienced an escalating series of trade disruptions -- the US-China trade war, the Covid-19 pandemic and the supply-chain disruptions it caused, Russia’s invasion of Ukraine and the dueling sanctions and export controls that followed. Their cumulative impact has called into question the vision of a globalized economy. In response, some US officials are pushing “friend-shoring” -- a happy-sounding label for a world divided between free-market democracies a

With gas prices around the country at historic highs, lawmakers are considering giving drivers a break on federal gas taxes.

As treasurer of the United States, Malerba's signature will be on U.S. currency.

A Native American is being appointed U.S. treasurer, a historic first.

"The quicker you move, the more agency you have in reducing the impact of a recession," one expert says.

President Joe Biden says he’s considering pressing for a holiday on the federal gasoline tax.

She's also expressing an openness to a federal gas tax holiday to help give motorists some relief at the pump.

She's also expressing an openness to a federal gas tax holiday to help give motorists some relief at the pump.

Treasury Secretary Janet Yellen says she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable.

Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter.

President Joe Biden says he plans to talk to Chinese leader Xi Jinping soon as he considers whether to lift some Trump-era tariffs on Chinese goods.

When it comes to a crippling recession, some experts say it's no longer a matter of if, but when.

When it comes to a crippling recession, some experts say it's no longer a matter of if, but when.

For months, Chair Jerome Powell has held out hope that the Federal Reserve will be able to raise interest rates high enough to throttle rampant inflation without tipping the economy into recession.

Yes, the stimulus was too big. But that’s not the main reason prices are through the roof.

Stagflation.

Treasury Secretary Janet Yellen has acknowledged that she and Federal Reserve Chair Jerome Powell “could have used a better word” than transitory when describing the expected run of inflation in the U.S. economy.

Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” when describing the expected run of inflation in the U.S. economy. “I do expect inflation to remain high although I very much hope that it will be coming down now,” Yellen told the Senate Finance Committee during a hearing on the agency’s latest budget request. The Federal Reserve and Treasury Department have been increasingly blamed by legislators and the public for allowing inflation to reach record highs — notably an 8.3% leap in consumer prices over the past year.

Memphis politicians are refusing to pay for Donald Trump’s security escort for an upcoming rally since Trump himself hasn’t paid a bunch of bills to other towns for security. 

Ukraine’s military intelligence agency says Russia has so far turned over the bodies of 210 Ukrainian fighters killed in the battle for Mariupol.

Wide-ranging legislation unveiled Tuesday would regulate cryptocurrencies and other digital assets following a series of high-profile busts and failures.

Want to learn from the mistakes of the 1970s? Then take action against rising prices now and reduce the greater torment that will come from waiting.

Former Treasury Secretary Larry Summers worries the combination of low unemployment and high inflation, means a recession is almost certain.

President Joe Biden came before the television cameras Friday to celebrate yet another month of healthy job growth and low unemployment and the fastest pace of hiring in four decades under his watch.

The Social Security trust fund will be able to pay out benefits for a year longer than prior estimates, the Treasury Department said.

If history is any guide, inflation spikes that follow massive disruptive events, like World War I and the "Spanish Flu," or World War II, last a couple of years before plunging again once supply and demand came back into balance. And by transitory, I mean a year or two, not a month or two, as many misinterpreted the Fed's choice of words last year. It just might be that inflation will, in fact, be transitory after all. When the U.S. entered World War I in 1917, inflation surged to a rate of 17.8%, followed by 17.3% in 1918 and then 15.6% in 1919. Inflation "breakevens," a measure of bond market expectations of future inflation, have rolled over decidedly.

The president is on safe ground when he talks about stabilizing the economy, but he shouldn’t try to transform it.

Biden has shifted blame for the rapid pace of price increases to the Fed. Is the White House ready for what comes next?

President Joe Biden and Federal Reserve Chairman Jerome Powell have met to plot a strategy to fight inflation.

Russia says it will use an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts.

Georgia still struggles with its history of slavery, segregation and racial injustice, but voters in the Deep South state have for the first time selected two Black candidates to represent the major parties in a U.S. Senate race.

Russia says it will pay dollar-denominated foreign debt in rubles, a move that is likely to be seen by foreign investors as a default.

The U.S. will close the last avenue for Russia to pay back its billions in debt to international investors on Wednesday, making a Russian default on its debts for the first time since the Bolshevik Revolution all but inevitable.

A slump in several big companies weighed down the stock market Tuesday, leaving most major indexes lower.

U.S. Sen. Chris Van Hollen of Maryland says he's home again after suffering a minor stroke.

President Joe Biden tended to both business and security interests as he wrapped up a three-day visit to South Korea on Sunday.

Last July, Treasury Secretary Janet Yellen celebrated it as a “historic day” when more than 100 nations agreed to a global minimum tax deal meant to reform and equalize the world’s economy.

Finance ministers for the Group of Seven leading economies are grappling with deepening inflation concerns and the immediate effects of Russia’s war in Ukraine, with U_S_ Treasury Secretary Janet Yellen warning that it all adds up to a “very difficult economic situation.”.

President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories.

Treasury Secretary Janet Yellen is warning that Russia’s February invasion of Ukraine has produced a sharp increase in food and energy prices that is contributing to a slowdown in growth and creating greater risk of global stagflation.